$ENA $ENA After the adoption of the GENIUS law in July, which prohibits stablecoin issuers from providing yields, the supply of yield-bearing stablecoins has sharply increased.

Data shows that the biggest beneficiaries are USDe (USDe) from Ethena and USDS (USDS) from Sky, which can generate yields through the protocol's staking.

Since July 18, the circulation of USDe has increased by 70% to 9.49 billion, making it the third largest by market capitalization. Meanwhile, the circulation of USDS has also increased by 23%, reaching nearly 4.81 billion, securing the fourth position by market capitalization.